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UK SHARES SECTION

Have A Punt On This Gambling Stock - Gaming Corporation (GMC)

Posted: Thursday 04 May 2006 - UK Shares Section

The AIM listed company Gaming Corp (GMC) looks an interesting punt.

  • Priced at around 13p down from 19p last year
  • Great growth prospects alongside generating plenty of cash
  • Runs the gambling portal type websites Casino.co.uk (UK’s #1), Got2Bet.com and Gambling.com which it bought last year for around $20m
  • Shares are trading on 9.1 this year’s earnings and 5.8 next year’s
  • Target price is at least 24p if not a lot higher over the next several years
  • We like it and have just bought some at 12.75p, looking to add if it dips below 10p

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